Probability
GOLD (XAUUSD) - 2H Trend PositionI explain why on this particular time frame the 2H at this point in time there is a greater probability for the south.
Please note carefully for every probability estimate in one direction, there is a residual probability in the opposite direction (e.g. if 51% for the south there is a 49% chance for the north). There is no way I know to accurately assess or measure probability in any particular direction.
In other videos I showed how many missed the Gold storm (for the north).
Disclaimer : Whist the position shown is advantageous in probability terms for the south in my estimation, there is a clear indication of loss. I could be wrong - as I am a lot of the time. This means if you short this and lose your money, kindly sue yourself.
Short GoldGold has bumped its head on a historically strong resistance level at ~1560.
USDJPY has not confirmed gold's move since Dec '19.
USDJPY breaking out higher itself (bearish gold) so we should expect gold to readjust itself.
DXY in general has regained an important historical level + 61.8 fib of most recent trend which points the dollar higher (bearish gold).
Rerate should take it down to ~1533. If it loses that level then bears will take full control of gold.
AUD/USD LONG - HIGH PROBABILITY SETUPAUD/USD is at a monthly demand zone, there are numerous traps enticing retail traders to short. E.g. bouncing off the weekly trend line, and a so called area of resistance on the daily.
COT data also shows banks are becoming slightly bullish and reducing short positions.
A-la-la-la-le-LONG,
ah-long-long-le-long-long-LONG!
Don't short basically.
Ps. Trade prediction is not an entry yet, certain requirements still need to be met.